Dec. data breach still costly for banks

More than 15M cards reissued across US

11:36 PM,
Feb. 14, 2014

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Local banks are still suffering through a holiday hangover from the December security breach at Target and other retailers.

Notices of card replacements are still going out to Greater Cincinnati cardholders among more than 15 million cards replaced around the country so far. Bank officials say the vast majority of those were not prompted by actual fraud but rather by banks' choosing to replace cards that might have been hacked to avoid the potential of fraud. The move also protects banks, which would likely have been stuck with credit card bills racked up by fraudsters.